Registered Charity number: 1155236
EDEN ACADEMY COVENTRY REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EDEN ACADEMY COVENTRY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
| Report of the Trustees | 1 to 3 |
|---|---|
| Independent Examiner's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Financial Statements | 7 |
| Detailed Statement of Financial Activities | 8 |
EDEN ACADEMY COVENTRY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2024
The trustees of the charity present their report and the financial statements of the charity FOR THE YEAR ENDED 31 March 2024.
Registered Charity number 1155236
Registered office
452 Stoney Stanton Road Coventry CV6 5DG
Chair
Habibur Rahman
Trustees Suhel Ahmed Qari M E Haque M A Odud Shajan Ali Dr. Mohammed Mosleuddin Farid Abdullah Mohammad Ismail Abdul Kalam Prodhan Parvez Syed Jamirul Islam Sarwar Hussain Chowdhury Roksana Ahmed Abu Tahir Mukarram Hasan Abida Sultana Abdul Hannan
Bankers HSBC Bank plc
Independent Examiner A AHMAD 28 Shaftmoor Lane Acocks Green Birmingham B27 7RS
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EDEN ACADEMY COVENTRY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a trust deed.
Recruitment and appointment of new trustee
New trustee are appointed by the Management committee.
Induction and training of new trustees
New trustees are trained by current trustees.
Organisational structure
New Trustees undergo an orientation day to brief them on their legal obligations under charity, the content of memorandum, the committee and decisions making process, the business plan and recent financial performance of the charity. During the induction day they meet other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.
Wider network
The charity has no connections with other charities.
Related parties
The charity is not holding assets on behalf of another charity
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The aims and objectives of the charity is the advancement of the education of Bangladeshi and other Muslims.
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EDEN ACADEMY COVENTRY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 March 2024
Significant activities
The charity obtains most of it's income from donations.
Volunteers
The charity welcomes volunteers to assist in it's work.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The charity was incorporated in January 2014. The aims and objectives of the charity is the advancement of the education of Bangladeshi and other Muslim communities particularly of the education of young persons and teaching of the Quran to young children.
Post Balance Sheet Event
There were no significant events since the year end.
The charity's income from all sources during the year was £90,754 The income is expected to increase during current year. (2023: 118,318 )
Internal and external factors
The charities activities are affected by general financial factors in the economy.
FINANCIAL REVIEW
Reserves policy
The charity accumulates reserves for future activities.
FINANCIAL REVIEW
Principal Funding sources
The charity receives most of it's income from publics donations.
FUTURE DEVELOPMENTS
To promote youth upskilling, education, physical and mental wellbeing in order to build positive character to develop good citizens.
ON BEHALF OF THE BOARD:
Habibur Rahman (Chair)
17 January 2025
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EDEN ACADEMY COVENTRY
I report on the accounts for the year ended 31 March 2024 set out on pages five and eleven.
Respective responsibilities of trustees and examiners
The charity trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the account under Section 43 of the 1993 Act
-
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
-
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention to which, in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached.
A AHMAD 28 Shaftmoor Lane Acocks Green Birmingham B27 7RS
17 January 2025
Page 4
EDEN ACADEMY COVENTRY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024
| Notes INCOME RESOURCES Incoming resources from generated funds Voluntary income RESOURCES EXPENDED Governance costs Other resources expended Depreciation Total resources expended NET INCOMING RESOURCES RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
2024 Unrestricted funds £ 90,754 5,713 37,055 3,446 46,214 44,540 260,115 304,655 |
2023 Total funds £ 118,318 1,538 14,956 |
|---|---|---|
| 16,494 | ||
| 101,824 158291 |
||
| 260,115 |
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EDEN ACADEMY COVENTRY
BALANCE SHEET AT 31 March 2024
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors 6 Cash at bank and in hand CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS/(LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds: General fund TOTAL FUNDS |
2024 Unrestricted funds £ 290,806 15,424 15,424 1,575 13,849 304,655 304,655 304,655 304,655 |
2023 Total funds £ 230,000 34,500 66,755 |
|---|---|---|
| 101,255 71,140 |
||
| 30,115 | ||
| 260,115 | ||
| 260,115 | ||
| 260,115 | ||
| 260,115 |
Page 6
EDEN ACADEMY COVENTRY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024
| 1 | TANGIBLE FIXED ASSETS | Freehold | Fixture& | Fixture& | ||
|---|---|---|---|---|---|---|
| property | Fittings | Total | ||||
| COST | ||||||
| At 1 April 2023 | 230,000 | 230,000 | ||||
| Additions | 47,020 | 17,232 | 64,252 | |||
| At 31 March 2024 | 277,020 | 17,232 | 294,252 | |||
| DEPRECIATION | ||||||
| At 1 April 2023 | ||||||
| Charge for year | 3,446 | 3,446 | ||||
| At 31 March 2024 | 0 | 3,446 | 3,446 | |||
| NET BOOK VALUE | ||||||
| At 31 March 2024 | 277,020 | 13,786 | 290,806 | |||
| At 31 March 2023 | 230,000 | 0 | 230,000 | |||
| 2 | DEBTORS: AMOUNTS DUE WITHIN ONE YEAR | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Debtors | 34500 | |||||
| 3 | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Other loans | 70,390 | |||||
| Accruals and deferred income | 1,575 | 750 | ||||
| 1,575 | 71,140 | |||||
| 4 | MOVEMENT IN FUND | |||||
| Net | ||||||
| **At 1.4.23 ** | movement in | At 31.3.2024 | ||||
| funds | ||||||
| £ | £ | £ | ||||
| Unrestricted funds | ||||||
| General fund | 260115 | 44,540 | 304655 | |||
| 260,115 | 44,540 | 304,655 | ||||
| TOTAL FUNDS |
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EDEN ACADEMY COVENTRY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 March 2024
| INCOMING RESOURCES Voluntary income Donations Local Authority Grant HMRC Giftaid Total incoming resources RESOURCES EXPENDED Governance costs Legal and professional charges Support costs Management Costs of generating funds Wages Repairs and maintenance Insurance Telephone Stationery and Advertising Cleaning expenses Youth Club Travel expenses Canteen expenses Donations Finance Bank charges and interest Depreciation Fixtures & Equipment Total resources expended Net Income |
2024 £ 76,842 4,656 9,256 90,754 5,713 5,713 17,489 5,272 978 408 1,508 130 3,627 776 5,387 1,389 36,964 91 3,446 46,214 44,540 |
2023 £ 113,273 5,045 |
|---|---|---|
| 118,318 1,538 |
||
| 1,538 5,820 364 292 1,238 107 200 5,739 |
||
| 13,760 1,196 |
||
| 16,494 | ||
| 101,824 |
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